Frequently Asked Questions for Prospective Landlords and
Tenants

How much will it cost to have my property
managed?

We charge a one-off fee of £150.00 (no VAT added) to cover the
initial costs of advertising and marketing your property. This also
covers all viewings we may conduct and preparation and signing of
paperwork with the tenant. Subsequently the fee for our management
service is a monthly commission of 10% of the rental.

How much is the tenant's deposit and what happens to
it?

Typically this is four weeks' rent and is payable upon the signing
of the Tenancy Agreement. The deposit is then registered with a
tenancy deposit protection scheme-The Deposit Protection
Service - within 14 days.

What does the deposit scheme
involve and how does it protect me?

All deposits being paid by a tenant for an Assured Shorthold
Tenancy are registered with the Deposit Protection Service which is
an independent body guaranteeing that any deposit disputes will be
dealt with efficiently. There is no cost to the landlord or tenant
for this service.

Who will conduct viewings on my property and when will they
occur?

We will accompany all viewings during the working day and at
weekends too.

Do I need to be present for viewings?

No, that’s all part of our service! However, you are welcome to be
present if you prefer.

What is an EPC and how long will it be valid?

An EPC ( Energy Performance Certificate) measures the energy
efficiency of a property using a scale of A-G and is valid for 10
years.

It is a legal requirement for landlords to have a valid EPC before
their property is let. Homecoming Letting Agency can arrange for an
assessor to visit your property and carry out this assessment for
you. Please contact us if you need to have this done.

How much does an inventory cost and who is responsible for
organising this?

Homecoming Letting Agency prides itself in producing a full
inventory service, which includes photographs to show the condition
of the property before the commencement of any tenancy and at the
end. This provides evidence should any dispute arise. The fee for
this important service is £50.00- no VAT.

How long does it take to receive my rent once paid by the
tenant?

For a long let you should receive your rent by standing order on
the rental due date each month. The due date is typically, although
not always, the date on which the tenant moved in.